Cement News tagged under: 2Q24
JK Cement announces 75% drop in net profit for 2Q2429 October 2024, Published under Cement NewsJK Cement Ltd has announced a steep 74.7 per cent YoY drop in its net profit for the July-September 2024 quarter, with earnings falling to INR452m (US$5.38m), far below analysts' estimates of INR981.1m. Revenue from operations declined by seven per cent to INR 23.92bn, while sequentially, the company saw a 77.7 per cent drop in net profit and a 9.5 per cent decrease in revenue. In the July-September 2024 period, JK Cement's total expenditure edged slightly higher, reaching INR23.65bn fr... |
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